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When marketing doesn't work (what to do instead)
How a business owner wasted $30k on marketing (before he was ready)
Read time: 3 minutes
Hey there - it's Brian š
A few months ago I spoke with a frustrated business owner who told me he āwasted $30,000 on marketing consultants.ā
They focused on landing pages, content, and emailsā¦ too early.
I donāt want you to waste money on marketing, so letās talk about your first steps to get customers.
Weāll cover why the business ownerās $30,000 was useless spend (and what you should do instead).
Stick to the end to choose the topic you want to learn next week.
Letās make your business an outlier: š
How a tech consulting business spent $30k on marketing, then got no customers
Back in February, I joined a Zoom with a frustrated business owner.
He advised businesses on what tech they should use.
So hereās what happened: heād have the first call with a potential customer and people seemed excited.
Their voice lit up, they asked about next steps, and seemed proactive about making things happen. They hang up, and then?
He just couldnāt get them to buy his service.
So I asked him what he did to solve the problem.
He exhaled and stared to the side while he gathered his thoughts.
āI just spent $30,000 on a marketing guru and I did everything he told me. But Iām still not getting people to buy.ā
The guru re-worked his landing page, looked at his content, revised his emails. Did all marketing tactics that typical marketers do.
But hereās the problem:
His business isnāt ready to push marketing yet.
Hereās a visual to illustrate the point:
Imagine youāre standing in the middle of a city. Youāre holding a megaphone. You yell into the megaphone. But no one seems to react to you.
Megaphone gets louder - no one reacts.
So you turn up the volume. Still. No one comes to you.
So you tweak settings to make your voice clearer. Still. No one comes to you.
Turns out, it doesnāt matter how optimized the megaphone is. The words you yell into the megaphone need to get customers as excited about your solution as you are!
In this case, the megaphone is traditional marketing tactics:
ā¢ Landing pages
ā¢ Content
ā¢ Emails
You can make the perfect landing page. Craft the best content. But if the solution doesnāt solve a deep customer need, or if youāre not explaining it in a way that gives people their āah-haā moment, you wonāt get customers.
The business owner spent $30k to make a louder megaphone when he really needed to frame his business in a way resonates with customers.
So what should you do instead?
Hereās your re-frame.
Donāt think:
āHow do we change marketing tactics (landing pages, emails, content etc) to persuade as many customers to buy as possible?ā
Instead think:
āHow do we solve a customerās problem so much better than their other options that they wonder how theyāve lived without us?ā
Improving marketing tactics are the result of your business better solving customer problems.
When customers are excited about your solution as you are:
ā¢ They buy more often when they get to your landing page
ā¢ Share your message more when they see it on your socials
ā¢ Click more often on your emails, etc.
So hereās how you do it:
Hereās a high-level overview:
1) Create a theory on why your solution is the best way to solve one customerās problem
2) Test the theory
3) Refine the theory until you see the results in marketing tactics (more sales from landing page, more engagement with your content etc)
First steps to create your theory:
The theory is the answer to this one question: how do you solve a specific pain for a specific customer better than anyone?
Now thatās a hard question to answer!
So to make it easier to answer I like to break that question down into a few parts and think about these parts individually:
Customer:
Whoās your target customer?
ā¢ Demographics: Age? Size of their business? Industry? Geography? Income?
ā¢ Aspirations: What dream do they want to achieve that your solution can promote? What pain do they have that you can cure?
ā¢ Why they buy: Whatās their goal by using your solution?
Alternative options (to solve their pain):
ā¢ What other options do your customers have to solve their problem?
ā¢ How are they trying to solve their pain today?
How youāre their best option:
How do you solve their pain better than their alternatives (in a way your customer cares about)?
PAQs (Probably Asked Questions)
How do I test and refine the theory?
Use text-based social platforms to test your messaging. If it gets a lot of engagement take that as a sign that your core business is solving a painful problem that the customer cares about!
We wonāt go into details in this issue, but when youāre ready to test your theory, I wrote a full walkthrough here.
Wait. Are you telling me to ignore marketing tactics?
Iām not saying ignore marketing tactics.
But I am saying to think about the 80/20 rule.
Framing your business to get customers ecstatic about your solution is 80% of the results. Re-structuring your landing page to increase conversion is the 20% of results.
The 80/20 rule
Make customers excited about your solution (before you get a louder megaphone)
Donāt waste money optimizing your marketing tactics before customers are excited about your solution.
Instead using marketing tactics as results to test and refine your message.
Test a bunch of different ways that your customers get excited about your message and the marketing tactics are the outcome of a strong message.
When we discussed this with the consulting business owner and his eyes lit up. āI wish I knew this before I spent $30,000 on marketing.ā
Boom! Thatās it.
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See you next Thursday š
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š ļø Outlier Links
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